Oct 15 (Reuters) - ETIHAD ETISALAT CO <7020.SE>:SAYS LEGAL PROCEDURES CONCERN INDIVIDUALS FROM FORMER EXECUTIVE MANAGEMENT OF COMPANY, AND ARE NOT AGAINST COMPANY ITSELF.SAYS LEGAL PROCEDURES AGAINST FORMER EXECUTIVE MANAGEMENT NOT TO AFFECT NEGATIVELY ON FINANCIALS.

Oct 9 (Reuters) - OMAN TELECOMMUNICATIONS COMPANY :SIGNS NON-BINDING LETTER OF INTENT WITH AL KHAIR TO PURCHASE ITS SHARES AND SHARES OF ITS UNITS IN SHARE CAPITAL OF ZAIN.PURCHASE OF ALL OF SHARES AND SHARES OF AL KHAIR'S UNITS IN SHARE CAPITAL OF ZAIN AMOUNTS TO 12 PERCENT OF TOTAL SHARE CAPITAL.AL KHAIR IS CURRENTLY STUDYING AND EVALUATING OFFER FROM OMANTEL AND ITS LEGAL AND FINANCIAL ADVISORS.

Oct 9 (Reuters) - Ground International Development Ltd <0989.HK>:Expected that group may record a significant decrease of over 75 pct in its net profit for HY.Expects fall in loss as property project of Guangze Red house has not reached criteria for revenue recognition.

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